Myntra restructures business to comply with regulations

Flipkart’s subsidiary Myntra which drives a large part of its business through exclusive brand tie-ups and private labels has clarified that it does not own any equity stake in sellers on its platform thereby complying with the new FDI norms. The move signals a significant restructuring at Myntra since the company continues to sell brands through third-party merchants instead […]

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Myntra to buy Hrithik Roshan’s HRX fashion brand

  Myntra Fashion Brands vice-president Rajesh Narkar says HRX will bring in sales of Rs300 crore this financial year, up from Rs100 crore last year. Photo: Bloomberg Online fashion retailer Myntra is close to buying a majority stake in HRX, a clothing and shoes brand launched by actor Hrithik Roshan, from Exceed Entertainment, as it […]

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Myntra blinks, to relaunch computer website on 1 June

Myntra, that is owned by means of the united states’s largest e-commerce firm Flipkart, close its cellwebsite in March 2015 and closed its computing device internet site in may additionally 2015 in an try todominate cellular app-commerce. image: Hemant Mishra/Mint on-line fashion store Myntra is re-launching its computing device web page on 1 June, the […]

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Govt hikes funding for start-ups, Flipkart invests more in Myntra

Photo: iStock What to watch out for: • Flipkart invests another Rs.338 crore in its fashion portal Myntra: In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra. The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is […]

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